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SONA Group’s Contribution to Growth Lauded

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SONA Group’s Chairman Mr A.K. Mirchandani was declared one of the top 25 CEOs and adulated for his leadership as well as the company’s unflagging contribution to growth, development and business opportunities across various Nigerian industry sectors at the recently concluded Top 25 CEOs & Next Bulls Awards.

The ceremony, which held Friday, May 10, 2019 at EKO Hotel & Suites, Victoria Island, Lagos was put together by Business Day, in conjunction with the Nigerian Stock Exchange (NSE) to recognize and appreciate key industry players who have remained steadfast in their efforts to see Nigeria’s industry sectors grow, despite the country’s economic challenges.

During his appreciation speech, Mr A.K. dedicated the award to the entire staff of the company whilst thanking them for their ardent dedication. He stated “This award is not for one person but a team of 6000 people who have all contributed to this achievement, and I say a very big thank you.”

The Chairman went on to praise the organizers of the event; thanking them for honoring the efforts of industry players and stakeholders to creating more business opportunities for various industry sectors in Nigeria, so as to bring about continuous growth to the nation.

During his welcome address, the Publisher and Managing Director of Business Day Mr Frank Aigbogun elucidated the purpose of the awards, describing it as an avenue to drive businesses to do more for the development and growth of the Nigerian industry sectors. He advised attendees on leadership and growth, saying “businesses that we lead must focus on growing their bottom line continuously, so they can be a shining and guiding light for others looking to come into this country and together, we can continue to create jobs for the youths of Nigeria.”

Chief Executive Officer Nigerian Stock Exchange; Oscar Onyema congratulated the winners of the awards and expressed the NSE’s interest in working with industry leaders to help precipitate Africa’s growth. He stated “At the Nigerian Stock Exchange, we want to be your trusted partner. We want to work with you to grow your businesses and find various avenues to create more growth opportunities in Nigeria and Africa at large.”

A number of other estimable organizations were also recognized and presented with awards at the ceremony for their noteworthy contributions, including Chemical and Allied Products Plc, Aje Limited, Enyo Retail and Supply, Alpha Mead Group, Eterna Oil Plc and a host of others.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Alake Orders Sealing of Illegal Abuja Gold Mine

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abuja gold mine

By Adedapo Adesanya

The Minister of Solid Minerals Development, Mr Dele Alake, has directed the country’s mining marshals to seal off an illegal gold mining site discovered in the Gwagwalada area of the Federal Capital Territory (FCT), Abuja.

This action comes in the wake of an earlier operation by the marshals which led to the successful recovery and sealing of a mining site around the District 2 Extension layout in Gwagwalada on August 16, 2025.

Preliminary investigations revealed that illegal artisanal miners invaded the area after the accidental discovery of a gold vein during the digging of a soakaway pit near a residential property. The most recent incident took place on a farmland located behind CKC in Gwagwalada.

Upon receiving intelligence reports of renewed unlawful mining activity, Mr Alake promptly ordered the deployment of mining marshals to secure the site.

Conducting an on-the-spot assessment of the area on Wednesday, Ministry officials led by the Director of Mines Inspectorate, represented by the Deputy Director, Mr Sunday Okhuoya, expressed satisfaction with the level of compliance with the Minister’s directive, disclosing that relevant departments of the Ministry have launched a thorough investigation to unravel the root of these incidents whilst recommending measures to prevent a recurrence.

Commander of the Mining Marshals, Assistant Commandant of Corps (ACC) John Attah Onoja, confirmed that his team has established 24-hour surveillance over both affected sites, pending the outcome of the federal government’s ongoing inquiry.

In view of the potential environmental and public health risks associated with the illegal mining operations, the Minister advised residents to steer clear of the affected areas while enforcement and remediation efforts are underway.

The minister reiterated the federal government’s firm resolve to eradicate illegal mining activities across the country, asserting that the Ministry is fast-tracking the deployment of satellite surveillance technology to monitor mining operations nationwide and significantly strengthen enforcement capacity.

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NNPC Won’t Succumb to Attacks from Saboteurs—Ojulari

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By Modupe Gbadeyanka

The chief executive of the Nigerian National Petroleum Company (NNPC) Limited, Mr Bashir Ojulari, alleged that some persons who do not mean well for the country have continued to launch attacks on the organisation in a bid to frustrate the gains recorded by the ongoing transformation efforts.

However, he assured that the management would not rest on its oars and continued to forge ahead because these reforms will benefit the nation in the long run.

“We are under attack. We will not budge to short-term pressure, as it will not be in the best interest of Nigerians. You cannot drive change without a price, and the transformation is tough,” Mr Ojulari said when he received a team from the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) at the NNPC Towers in Abuja on Thursday.

He thanked the leadership of the union for its support, charging it to stay calm and build resilience to stay focused during these trials. He emphasised that patience will be required from the Nigerian people at large to get to the other side of change, which will benefit Nigeria and her citizens.

“I am overwhelmed with the support from the union executives present here. The enemies of this company and Nigerians will not win,” he added, noting that since coming on board about five months ago, his team prioritised reviving the nation’s refineries in order to put them back into more sustainable and profitable venture by considering the Incorporated Joint Venture (IJV) model.

“Mr President doesn’t pressure me to do the wrong thing; that is why we are looking at the baseline to ensure whatever we are doing, the refineries work sustainably going forward. We don’t want to pretend and just do some quick fix because there is pressure on us,” Mr Ojulari stated.

Earlier in his address, the president of PENGASSAN, Mr Festus Osifo, said the oil workers union came to thank the NNPC management for its partnership during the recently held 2025 PENGASSAN Energy & Labour Summit (PEALS) in Abuja.

The union also acknowledged the “remarkable milestones” recorded so far under Mr Ojulari’s watch, stating, “Our pipelines are now working. Also, crude oil theft has significantly reduced, leading to increased production.

“As PENGASSAN, we assure you that we are solidly behind you. We will work with you and collaborate with your team to ensure the stability of the system for the benefit of all Nigerians.”

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Government to Help 150,000 Young Nigerians With N110bn

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By Adedapo Adesanya

The Federal Ministry of Youth Development has expressed its readiness to support 150,000 young Nigerians with N110 billion.

The Director-General of the National Orientation Agency (NOA), Mr Lanre Issa-Onilu, disclosed this on Thursday in Kano at the launch of the five nationwide enlightenment campaigns on government policies, national values and identities, security awareness and disaster preparedness.

He said over 600,000 students have so far benefited from the N59 million disbursed under the Nigeria Education Loan Fund (NELFUND) scheme.

The director general, who was represented by Mr Williams Dogo, Director, Legal Services of the agency, said that NELFUND was available to all qualified Nigerians in public tertiary institutions, noting that the sensitisation programme, with the theme Nationwide Sensitisation on Five Thematic Areas, was designed to deepen citizens’ knowledge of government initiatives.

The NOA boss explained that the campaign would highlight the presidential directive on flood mitigation, which provided for the release of N3 billion to each state in 2024 for drainage clearance and relocation of vulnerable communities.

He said that 700 schools had been renovated nationwide as an intervention to improve learning facilities in rural areas, stating that more than 15,000 new security personnel had been deployed nationwide to address diverse security challenges.

“It is our intention to carry out security awareness campaigns reaching no fewer than three million Nigerians in each state through media engagements, advocacy visits to traditional and religious leaders, rallies at markets and motor parks, as well as town hall meetings,” he said.

On national values, he said that reorientation campaign would focus on patriotism, unity and campaigns against extreme graduation practices that contradict cultural norms, adding that the campaign would also familiarise Nigerians with the current national anthem, which was changed by President Bola Tinubu.

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